Financial sector had biggest raise in 2000

September 26, 2001

The largest over-the-year percentage pay increase in the private sector was registered in the finance, insurance, and real estate industry (9.1 percent) in 2000. The next largest were in manufacturing and services (6.8 percent each), followed by mining (6.4 percent).

The smallest pay gain in 2000 among the major private industry divisions occurred in the transportation, communications, and public utilities industry (4.4 percent). The annual pay increase for the public sector, which includes Federal, state, and local government, was 4.1 percent.